<h1>Union Budget 2018-19: Customs Duty Hikes on Electronics to Boost Make in India; Cashew Duty Reduced to Aid Processing.</h1> The Union Budget 2018-19 introduced by the Finance Minister proposed changes in customs duties to promote domestic manufacturing and job creation under the Make in India initiative. Customs duty on mobile phones was increased from 15% to 20%, and on certain parts and accessories to 15%, while TV parts saw a rise to 15%. This aims to boost domestic production and employment. Conversely, the customs duty on raw cashew was reduced from 5% to 2.5% to support the cashew processing industry. These measures are intended to make domestic products more competitive against imports.